Bank of Canada says no to retail CBDC in reshuffling of priorities
Regulating and speeding up payments without a CBDC are more important to the Canadian central bank.
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China’s State-Run Banks Reportedly Testing Wallet for Digital Yuan
State-owned commercial banks in China are reportedly testing a wallet for the country's forthcoming digital yuan. A group of state-run commercial banks in China are reportedly conducting a large-scale internal testing of a digital wallet designed for China’s national digital currency, the digital yuan.According to an Aug. 5 report by Reuters, the banks are testing…

Brad Garlinghouse: The Tech Maverick Rippling Through Finance
Earlier this year, Ripple CEO Brad Garlinghouse responded to controversy surrounding XRP movements by saying that Ripple cannot control the price of its associated token any more than Bitcoin (BTC) whales control the price of the seminal cryptocurrency.Regarding Ripple’s relationship with XRP, he said, “In the XRP community, Ripple is the largest owner, and the…

Elon Musk to launch truth-seeking artificial intelligence platform TruthGPT
The tech billionaire made the announcement during a Fox interview on April 17. 677 Total views 4 Total shares Own this piece of history Collect this article as an NFTAccording to an April 17 Fox News report, Elon Musk told Fox anchor Tucker Carlson that he’s developing a ChatGPT rival known as “TruthGPT,” a large…

Former British Chancellor’s crypto firm Copper launches tokenized securities platform
Copper plans to use its arm in the United Arab Emirates, Copper Securities, to capitalize on the demand of institutional investors. 107 Total views 1 Total shares London-based crypto trading firm Copper plans to start offering tokenized securities early next year, according to reports on Nov. 29. Under the leadership of former British Chancellor Phillip

DeFi hacks on Binance Smart Chain rise as TVL and volumes increase
Binance Smart Chain, or BSC, was launched in September 2020 as a parallel blockchain to Binance Chain. It enabled the creation of smart contracts and a staking mechanism for the native token of both blockchains, Binance Coin (BNB). In its brief nine-month existence, there have been a lot of decentralized finance, or DeFi, projects built on…

Bitcoin ‘power law’ model forecasts $200K BTC price in 2025
Bitcoin’s surge to $95,000 aligns with various models predicting $130,000 to $200,000 by Q4 2025. 2873 Total views 7 Total shares Key takeaways: Based on power curve trends, Bitcoin may hit $200,000 in Q4 2025. Bitcoin follows gold’s price trend with a 100-150 day lag. Bitcoin’s (BTC) price has rallied 11% this week, its best

Taiwan prosecutors target 20-year sentences for ACE exchange suspects
According to the prosecutors, the increased scale of the losses justifies the sentence recommendation.

Sen. Hagerty introduces Clarity for Payment Stablecoins Act of 2024
The new bill is a refinement of Rep. Patrick McHenry’s 2023 bill, which has bipartisan support.